Intapp (NASDAQ:INTA) Receives “Overweight” Rating from Piper Sandler

Piper Sandler reaffirmed their overweight rating on shares of Intapp (NASDAQ:INTA) in a research note published on Tuesday,Benzinga reports. Piper Sandler currently has a $71.00 price target on the stock, up from their previous price target of $60.00.

Other analysts have also issued research reports about the company. UBS Group increased their price objective on Intapp from $89.00 to $92.00 and gave the company a “buy” rating in a research note on Monday. Truist Financial lifted their price target on shares of Intapp from $55.00 to $77.00 and gave the company a “buy” rating in a report on Friday, December 13th. Stifel Nicolaus increased their price target on shares of Intapp from $70.00 to $75.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Raymond James restated a “market perform” rating on shares of Intapp in a report on Friday, January 3rd. Finally, JPMorgan Chase & Co. lifted their target price on shares of Intapp from $58.00 to $75.00 and gave the company an “overweight” rating in a report on Monday, December 9th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $64.64.

Intapp Trading Up 4.2 %

Shares of NASDAQ INTA opened at $73.51 on Tuesday. The business has a 50-day moving average of $66.71 and a 200-day moving average of $53.63. The firm has a market capitalization of $5.69 billion, a price-to-earnings ratio of -253.48 and a beta of 0.74. Intapp has a 12 month low of $30.36 and a 12 month high of $75.90.

Intapp (NASDAQ:INTA) last released its quarterly earnings results on Tuesday, February 4th. The company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.25). Intapp had a negative net margin of 4.74% and a negative return on equity of 2.08%. On average, analysts predict that Intapp will post -0.14 earnings per share for the current year.

Insider Activity

In other Intapp news, insider David Benjamin Harrison sold 22,373 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $68.87, for a total transaction of $1,540,828.51. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO John T. Hall sold 44,009 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $59.30, for a total value of $2,609,733.70. Following the completion of the sale, the chief executive officer now owns 5,093,692 shares in the company, valued at approximately $302,055,935.60. The trade was a 0.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 316,846 shares of company stock worth $20,158,913 over the last 90 days. Corporate insiders own 13.02% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Raleigh Capital Management Inc. purchased a new position in Intapp during the fourth quarter valued at approximately $25,000. Global Retirement Partners LLC bought a new stake in Intapp during the 4th quarter valued at $25,000. Farther Finance Advisors LLC increased its holdings in shares of Intapp by 1,054.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 577 shares of the company’s stock valued at $28,000 after acquiring an additional 527 shares during the period. Quest Partners LLC purchased a new position in shares of Intapp in the 3rd quarter valued at $54,000. Finally, Financial Management Professionals Inc. bought a new position in shares of Intapp in the 3rd quarter worth $57,000. 89.96% of the stock is currently owned by hedge funds and other institutional investors.

About Intapp

Intapp, Inc, through its subsidiary, Integration Appliance, Inc, provides industry-specific cloud-based software solutions for the professional and financial services industry in the United States, the United Kingdom, and internationally. Its solutions include DealCloud, a deal and relationship management solution that manages financial services firms' market relationships, prospective clients and investments, current engagements and deal processes, and operations and compliance activities; collaboration and content solutions, including Intapp documents, an engagement-centric document management system, and Intapp workspaces; risk and compliance management solutions, such as Intapp conflicts, Intapp intake, Intapp terms, Intapp walls, and Intapp employee compliance; and operational and financial management solutions comprising Intapp Billstream, a cloud-based automated proforma invoice solution, Intapp time, and Intapp terms.